Franklin-Wright Settlements Inc

Analysis

Franklin-Wright Settlements Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in December 1967, 59 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Franklin-Wright Settlements Inc reported income of $4.8m and spending of $5.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $4.8m (+34%), an average of +7.6% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Franklin-Wright Settlements Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Baryshnikov Arts Center Inc ($4.8m), St Francis Neighborhood Center Corporation ($4.8m) and Sac-Joaquin Section of the California Interscholastic Federat ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $321k (6.1% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $9.3m against liabilities of $152k, net assets of $9.2m. It reported 21 employees.